TeraWulf (WULF) - 2024 Q2 - Quarterly Results

Exhibit 99.1 TeraWulf Reports Second Quarter 2024 Financial Results Q2 2024 Revenue of $35.6 million, gross profit (exclusive of depreciation) of $21.7 million and Non-GAAP Adjusted EBITDA of $19.5 million. Revenue growth of 130.2% year-over-year for the three-month period ended June 30, 2024. Paid down approximately $30.2 million of debt in Q2 2024, followed by a significant repayment of $75.8 million in July 2024, fully eliminating the Company's debt ahead of maturity. Operational self-mining capacity as ...